Why Trump won, a message! (Page 25) kittybobo34: Eventually some respected news analysis group like "60 minutes" or NOVA will take the election apart piece by piece and expose the lies.. Hopefully that will happen before the next election.  claudia56: Cenebaby, The time for whining about the election is over, dear. Best to move on or be left behind.  The giant midget: Kittybobo that's a great idea. Unfortunately my great great great great great grandkids will be ready to retire when those investigations even begin. kittybobo34: Had they done the same about Vietnam, we would have been out of that war much earlier. Or not started it at all. For instance how many knew that Ho Chi Min modeled his nations constitution after ours,, how many knew he was a pro american at the end of WW2. We profess to be for independence and national sovereignty, yet when he asked us for help against the French, we sided with the French.. What else could he do but ally with the Communists (Edited by kittybobo34) (Post deleted by staff ) The giant midget: Heard that some people are thinking in asking for Trump to run as a independent candidate That's interesting because it sure will upset the political establishment The giant midget: Didn't know that he was doing house arrest Not that I care for the Baboon but it would be very interesting if he does run Great and cheap entertainment Seeing everyone running around like chickens without their necks claudia56: trump will be in house arrest by 2024, lol. You can count on that. The SDNY and the Georgia AG has way too much stuff on the fool. The giant midget: Heard that also with the impeachment and other stuff too. Tax there's loopholes to take advantage of them . If a little guy can charge anything to a business corporate credit card and only get paid minimum wage at 15 bucks a hour ,that is what I have to pay on my personal income taxes. Corporate taxes and personal taxes are totally different ball game . I think that's why Trump taxes are so low ,everything is paid by corporate company just like it should be.. I don't care who ,but anyone that can fuck a financial institution , a insurance company and mostly the government should have the blessings of all the Gods and Goddesses of the world. (Edited by The giant midget)  murrayduan: I think that's why Trump taxes are so low ,everything is paid by corporate company just like it should be.." That is Ok to do and if not abused he is OK. The problem when it comes to his taxes are the use of different amounts reporting Value to get a loan then when doing the taxes. You claim property values of 20 million to get a loan that is on record. Then at tax time you claim same property is valued at 2 million you have a problem. One problem it creates is when time to pay off a delinquent or mature loan they look at the value of the asset they might have to sell When it shows a value of 2 Million that is a crime. When your personal net worth is computed for taxes and that 20 million property is only now claimed to be 2 million you again have committed a crime. No doubt in my mind Trump has been playing that game for years. One time Deutsche Bank had to forgive about 100 million because his assets did not add up. It will come back to bite him soon. The giant midget: I think that you should do some research and do some more research regarding purchasing and financing a real estate transaction It doesn't matter what you say that your property is worth There's a property evaluation conducted by a firm that's commissioned by the lenders to verify if it worth its value , its structural conditions and if the borrower has enough income to meet it's financial obligations . Again personal income has nothing to do with corporate earnings There are corporations that have sitting board members that they receive no monetary compensation for their work .They are volunteers and only receive as a gift for their services all their personal living expenses fully paid by the corporation. There's loopholes to by pass everything You just need to have the right accountanting firm to take care of things It's simple The giant midget: Oh forgot to mention on last posting. Everything depreciates its value . I bought a new dumptruck and once that hunk of steel left the dealers lot it was worth 10 %less from the sales price . In the condo / retail space business it's a different animal altogether. You buy a condo tower with its residents for example 1 million buck , your financial lender will give you the mortgage, you evict or buy off your tenants lease agreements Your 1 million dollar tower is now only worth 400 grand You default on your loan or file for bankruptcy , one of your other corporations makes a deal with your lender to buy a empty building for pennies on the dollar It's simple if you have the cash to front the initial deal I learned from my old grandpa that it's only hard to make the first thousand dollars,the rest is easy murrayduan: The giant midget: I think that you should do some research . There's a property evaluation conducted by a firm that's commissioned by the lenders to verify if it worth its value" Sorry when you are dealing with Real Estate Portfolios of very wealthy people they use their own Financial People to put together there Financial Documents. You might be too young to remember but decades ago the Banks relied on your financials and your honesty to evaluate portfolios. I received many Loans for Real Estate used on my personal Financials I created. I bought several homes just with my claimed income and net worth. Rich People did the same. Here is an example: Over the years, President Donald Trump and his company have placed widely different values on the Seven Springs estate. The sprawling property north of New York City was purchased for $7.5 million in 1995. But by 2014, the Trump Organization said it was worth $291 million in financial documents its officers prepared when they were seeking a bank loan. Four years later, on Trump’s ethics disclosure form, it was listed as being worth no more than $50 million." That is how it was done years ago. In many cases even now the Rich are trusted to provide accurate honest information. How stupid is that. I have a friend who worked at Deutsche Bank for many years and she refused Trumps Documents on several Loans in New York. She did not believe his Financials. So Trump went around her to another Loan Officer below her and she granted the loans. The other women made several Million in Commissions. She as of the last several Months has been released from the Bank over the blowback of Trumps loans. They also had to write off 100 Million in loans years ago because the asset was not worth what was owed. Like you said you have to have the right accounting firm and there lies the problem. They make up the Financials reflecting what Trump wants then to say. Under pressure in crunch time they will say that is what Trump said to put down. murrayduan: I learned from my old grandpa that it's only hard to make the first thousand dollars,the rest is easy" It is even harder to hold on to sometimes. I lost about 2.8 Million dollars over a 10 year time frame from Eminent Domain Laws in my state. I have learned too late it is all about the Attorneys sometimes? murrayduan: Wow just like that I stumbled across what I was talking about: At least four of the president’s properties are under scrutiny, according to new court papers. They include the Trump International Hotel and Tower in Chicago, where one of the lenders, Fortress Credit Corp., forgave more than $100 million worth of debt in 2012. The Trump Organization has refused to turn over records establishing whether it reported the forgiven debt as income, as is typically required. Investigators are also looking at the 212-acre Seven Springs estate in Westchester County, N.Y., on which Trump originally said he hoped to develop a golf course or luxury homes." Most of his Properties were bought with what he claimed on his own Financials prepared by people like Cohen and Him. kittybobo34: I heard he was being looked into for exaggerating the net worth of his properties in order to get loans. The giant midget: It's all a game Buy cheap sell high Murray I have been around for many years too Bank people just give money out to good or bad credit so that numbers show high so they could advance higher up in the company for better pay ( brownie points) Banks that are not regulated by governments do as they wish just look at the fiasco in 2008 Trump did what everyone else did and they still continue to do so I have said before that anyone that fucks the banks ,insurance companies and the government I bow to them.  Doctor_Ontario: Trump hates to lose. He cheats at golf too. I knew he would go ballistic if he lost the election. No surprise. He’s a nutcase. | Politics Chat Room 73 People Chatting Similar Conversations |
